October brings a fresh perspective to the real estate market here along the Emerald Coast as seasonal shifts influence market activity in these coveted coastal communities. With these Florida Gulf Coast destinations continuing to attract interest, understanding October's market dynamics is essential for making informed real estate decisions. Explore the latest data to uncover the opportunities and trends shaping the housing market in Destin, 30A, Miramar Beach, Santa Rosa Beach, and Okaloosa Island.
As seen in the infographic below inventory numbers continue to trend up year-over-year with the Okaloosa Island area (37%) leading once again. Condo median sales prices are mostly trending higher, while median home prices are split. The total number of properties sold saw a decrease of 30% compared to last year, with the sold volume showing a 18% decrease. Check out more details below!
We love selling the Emerald Coast in the the beautiful autumn season and are here to assist however we can. We're excited to see what the rest of this year brings and can't wait to work with old and new clients as we make real estate your best investment! Now is a great time to look into the real estate market. Why? Because it's never a bad time to own. If you'd like more detailed information on a particular area or community, or if you would like to know the value of your property, feel free to reach out to us. Our priority is to provide valuable info to those seeking it.
Check out the area sales highlights for October:
October 2024 Condo & Home Sales Highlights by Sold In Paradise
The highest-priced condo sold within the areas of Okaloosa Island, Destin, Sandestin, Miramar Beach, Santa Rosa Beach, and 30A was:
4 Bed | 4.5 Bath
4,300 Square Feet
$3,875,000
The highest-priced home sold within the areas of Okaloosa Island, Destin, Sandestin, Miramar Beach, Santa Rosa Beach, and 30A was:
285 N Somerset Street
5 Bed | 5 Bath | 2 Half Bath
5,047 Square Feet
$11,500,000
Now is a great time to perform some due diligence whether you're considering selling or purchasing property. With the current supply and demand and ever-changing economic landscape, timing is crucial. You need a team who will help you make the right decisions, at the right time. If you feel unsure about your current real estate holdings, we're here to help guide you to make the best decision for you.
